retirement savings

Net Worth of U.S. Households Sets Record

A surging stock market and rebounding home prices boosted Americans' wealth to a record in the final three months of last year, though both trends have slowed so far in 2014.

14 Money Mistakes to Avoid in 2014

As we start 2014, let's look at 14 areas where people are most likely to make expensive money mistakes, and what you can do to avoid them.

Stop Treating Your Retirement Account Like a Piggy Bank

We all know how important it is to set money aside for retirement. Unfortunately, when it comes to building a nest egg for their golden years, millions of Americans are moving in the wrong direction by taking money out of retirement accounts early.

Retirees: Don't Miss Deadline for Required IRA, 401(k) Distributions

Smart retirees have done everything they could lately to stretch their retirement accounts, but taking too little out of them will get you into big trouble with the IRS. Fail to withdraw your full required minimum distribution, and the penalty you pay to the tax man will be severe.

Even the Rich Can't Retire When They Planned to Anymore

The long recession and slow recovery have forced millions of average Americans to give up their dreams of retiring at 65. But you might be surprised to learn than even among those who have quite a bit of money stashed away for retirement, the vast majority are planning to work longer, too.